Hey There,
- Like always, The chart is self-explanatory.
- We saw a triangle breakout which happened very close to a crucial resistance zone that acted like one.
- This is one previous support that turned crucial resistance
- Previously, the price has fallen 3 times after testing this level. The fourth time's a charm?
- We see a good consolidation at the...
entry:
- price should come to reversal zone
- look for confirmation in smaller TF (15min preferred )
sl :
-- if daily close is below bottom line , its sl , close positions
target
- book all positions at t3
Dabur India made a major swing of 273 points since Covid-19, its been 4 years that this chart has not displayed any breakout/breakdown so far. Prices are struggling in 273 points range only creating a convergence and prices are very close to explode in my own view!
Please, Share your views in this analysis too.
Thanks
this stock is trading in the channel,
A strong buying pressure is observed in this stock at 500 levels.
we have a chance of breakout in this stock.I will give an update again if this gives breakout or downside.
until keep this watch mode. Sell at trendline and buy at bottom line.
Dabur might give an up move..
GOOD FOR SWING or POSITIONAL
Entry - 538-540 (sustaining or breaking)
STOPLOSS - 530
TARGETS - 558, 570, 580, 600++
Note - if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view.
NSE:DABUR
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Dabur Long - Triangle pattern in Weekly Timeframe
Price accumulation between 500 to 600 for around a 2 years.
1 wave of trending weekly and accumulation of price.
Risky buyers can enter now.
Safe buyers can enter only after 600.
Stoploss - Mentioned in the Chart.
Target - TP1 and TP2 mentioned in the Chart.
Stock name = Dabur India Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI...
This FMCG stock is spotted completing a complex triple three(WXYXZ)correction to a prior leading diagonal wave 1 that it had developed between October-Dec.2023.
The stock has made a 50% retracement of the 'wave 1' rise during the complex correction in the past three weeks.
Now that the corrective wave is nearing its end(or already ended), the stock should be...
Dabur (FMCG)
Stock is Consolidating from SEP 21.
SELL side & BUY side VWAP is Narrowing down.
Stock is trading near 200 DMA.
Stock has tested multiple times VWAP.
Since its Large CAP, Movement is slow and steady.
Fundamentals:
Promoters increased there stake.
Public has reduced interest.
Dabur - Elliott Wave Count
The market has begun the bullish after the wolfewave with the target of 650 and above. its suggested to wait for correction to take long position for a good price. wave E should be the SL for the long trade.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:DABUR ...
RED ZONE shows the supply and GREEN ZONE shows the demand. The stock is trading in this range since a long time. We can make a position in this range when the prices are near the zones. If these important zones are breached then we can see a big move!!!!
Fundamental stock at weekly support and bounce back.
Exact Pin bar and next close above the pin bar.
50 % position now And another 50% at better price, So stop loss could be small.
Dabur is in start of 3rd wave again? Keep an eye on this. After giving a WXYXZ decline, It formed wave 1-2 as expanded Flat formation, and the next wave 1-2 is coming to an end. Now anytime 3rd wave can start.
